Lead Power Quantitative Risk Modeler

Lead Power Quantitative Risk Modeler Overview

ExxonMobil is seeking a qualified and experienced Lead Power Quantitative Risk Modeler to join our Risk Management function. This position is part of the Quantitative Risk team within the Trading Risk & Compliance organization, focusing on supporting ExxonMobil’s Upstream Gas & Power as well as Downstream Crude & Products trading activities.

Key Responsibilities

• Develop, validate, and maintain quantitative valuation models for Power markets.
• Create and support risk management models for trading strategies, including Real Options Valuation and simulation of forward curves.
• Conduct quantitative analyses of structured deals to support market-based asset valuations and design hedging strategies.
• Apply advanced statistical analyses in the design and refinement of scenario analysis and stress testing methodologies.
• Model and estimate historical and implied volatilities and correlations.
• Provide recommendations for improving and enhancing risk management models.
• Effectively communicate complex recommendations to various stakeholders, including management, traders, and risk management teams.
• Engage in quantitative analysis tasks as required, adapting to the evolving needs of the risk organization.

Qualifications

• Advanced degree (Master’s, MBA, or Ph.D.) in Finance, Economics, Statistics, Mathematics, Engineering, Computer Science, or other STEM majors.
• Experience and knowledge of Power markets.
• Extensive background in Energy Quantitative Risk, Structuring, or Risk Analysis in energy commodities such as crude oil, refined products, power, natural gas, LNG, and renewables.
• Solid understanding of option theory, Monte Carlo simulation techniques, and mathematical optimization methods.
• Knowledge of global and domestic energy and carbon markets, including trading strategies and risk management best practices.
• Proficiency in programming languages such as Python, R, MATLAB, and SQL.
• Credit Risk Modeling experience is a plus.

Benefits

• Competitive starting salary.
• Generous resettlement allowance.
• Defined Benefit Pension scheme.
• Share incentive plan.
• Private healthcare for employees and their families.
• Free gym access at most UK sites.

Join ExxonMobil and contribute to our mission of leading in energy innovations while reducing emissions. We invite you to bring your ideas and help create sustainable solutions that enhance quality of life and meet the evolving needs of society.

Degree Requirement: Not Specified

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